BEIJING, Aug. 8 (UPI) -- China reported a better then expected trade surplus, boosted by surging exports, suggesting economies in Europe and the U.S. are improving.
Exports for July were 14.5 percent higher than July last year, according to the Beijing-based customs administration. Meanwhile, imports dropped 1.6 percent boosting the trade surplus to $47.3 billion, 170 percent higher from the previous year.